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tv   The Early Show  CBS  August 11, 2011 7:00am-9:00am EDT

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4:25, everybody. have a great day! good morning. the whiplash on wall street continues as investors get ready for another wild ride after the dow plunges 520 points. we'll go live to the floor of the stock exchange and tell you how new concerns about europe are draining american savings. captured in colorado, the heavily armed dougherty gang is finally caught after a dramatic high-speed chase and crash, but they didn't go down without a fight. we'll get details about their time on the run. a seemingly endless heat wave in texas is giving way to record drought. the driest ten consecutive months ever, but relief may finally be in sight. marysol castro live in texas with the latest forecast and a closer look at the drought's devastating economic impact.
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and mystery in aruba. new details emerge about the disappearance of robyn gardner as questions surround the man who was last seen with her. we'll speak with one of the missing woman's closest friends about the desperate search to find her, "early" this morning august 11th, 2011. would captioning funded by cbs >> good morning, welcome to "the early show" on this thursday morning, i'm chris wragge. >> i'm rebecca jarvis, erica hill is on assignment this morning. >> busy on the markets this morning? the wild ride on wall street continuing this morning. jeff glor is on the floor of the new york stock exchange with the latest on this whiplash on wall street. how are you? >> i'm well but the market maybe not so much. how about the dives, yeah, three out of the past five trading
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days the dow is down at least 400 points. overnight, overseas markets seem to have stabilized somewhat as we prepare for another interesting trading day here today. [ bell ringing [ >> reporter: wednesday's bell brought the close of another trading day but it's hard to believe an end of all the uncertainty. >> the bottom is breathtaking. >> reporter: the recent 520 point slide for the dow severe economic problems in italy have been in the spotlight yesterday the focus on france. >> there was some concern that france would have its own aaa rating downgraded and that's because france is invested heavily in the debt of spain and italy which already has big debt problems. >> reporter: french banks and u.s. financials got hammered, bank of america down 11%, citigroup 10, goldman sachs 10 as well. investors stuffing into safer
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investments especially gold which continues soaring to new levels. >> gold prices spike at a time of uncertainty. >> reporter: the latest market slide has taken the s&p down 18%, since late april. the dow almost 10. but there's always perspective. >> nothing goes one way forever, no matter how bad or how good the news is. there are always corrections. that's what stock trading is all about. >> reporter: the dow is still up more than 60% from its deep low in march of 2009. art cashin good to see you. people talking about comparisons, is this similar to 2008? >> not exactly, although i must admit the question yesterday how do you say bear stearns in french. yesterday particularly the large
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french banks gave us a great deal of concern. when it gets into the banking system as we learned in 2008 it can shift about quickly. >> reporter: if you're the average investor at this point, what's the advice, stay away until all this calms down? >> i think the advice is to pretty much sit tight. to act precipitously in this kind of a market can be painful and very expensive. what i would say is you should review your holdings, see if you can add a little extra safety to them and if you have a particular industry or company that you think is getting very attractive, set a target. we have a saying here on wall street on days like this. you the in silly bids, put in a very low bid that you think may not get hit and if the markets get crazy they may throw a bargain in your basket. >> reporter: rebecca, back to you in new york. >> joining us is steve forbes,
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chairman of forbes media and former republican presidential candidate. nice to see you. >> good to see you, rebecca. >> art doesn't think this is 2008 over again. what do you think? >> it's not 2008, but it's still a short term serious crisis. there's very real concern about the value of the dollar, fed is going to knock it down again, going to hurt private investment, concern the europeans are not dealing with their sovereign debt crises, not to mention their debt. 20 years ago we were concerned about the latin american debt. restructured their debt, put in policies that got the countries growing again. the europeans are not doing it and people fear the drift. >> keeps coming back to debt. people remember the 2008 crisis. that was about debt as well. another thing art mentioned the markets were spookd yesterday. you mentioned this as well by this fear that a european bank could go the same way as a bear stearns or a lehman brothers did here in the united states. do you think that will happen?
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>> i think short term the european central bank will make sure that doesn't happen, the french government will make sure that doesn't happen short term but doesn't get around the fact the leaders have to start acting like leaders and do systemic changes to get the countries and institutions back on their feet, restructure the debt, recognize you have to take losses and here at home our central bank, the federal reserve has got to stop trashing the u.s. dollar. it has not worked for two and a half years. >> do you think then if the federal reserve were to stop, for example, trashing the u.s. dollar they would have to raise interest rates in order to do that, and that would make the cost of borrowing to go up for people like you and me, anyone who wants to get a home loan. is there a possibilities in order to get past this, we have to endure some near term pain as consumers in the united states? >> we're going through the pain now the unemployment we have, the lack of fundamental investment we have in this country to get a real recovery, small businesses aren't playing the role they should so in terms of strengthening the dollar
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doesn't mean interest rates soar. it means you stop subsidizing government debt, stop subsidizing debt for big companies and allow the flow of capital to small businesses to get an economy moving. a stable dollar would bring in capital and also allows savers to get a return especially the elderly, incomes have been hit by $400 billion by the low interest rate policy, $400 billion of income for consumers been lost so this policy has not worked. go with something we know historically does work. we've seen this movie happen before and it can have a happy ending if it's played out right. >> in washington nothing on the table gets done. do you think there's the political will to do anything? >> they'll do some things in the next few months but the messy democracy we have the ship of state is starting to turn. it's not a pleasant thing but there's consensus emerging, we
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must reform our convoluted tax code. one prediction that will sound astonishing because of what the fed has done to the dollar in the next few years you'll see something happen that hasn't happened since the 1970s, the relinking of the dollar to gold. start small, then it will get big and in a few years this nightmare will be behind us. >> steve forbes appreciate you being with us today. >> thank you. >> here's chris. turning to the dramatic ending to three fugitive siblings to a multicrime spree that started in florida last week. >> reporter: after a violent crime spree the dougherty family is in kusly in pueblo, colorak in pueblo, colorado. a fleet of flashing lights ended
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the family affair for the dougherty gang. they were taken into custody wednesday in pueblo, colorado. >> we continuously said these three fugitives went into a battle with law enforcement and we'd win that battle. >> reporter: lee, 29, brian 21, and dylan 26 were on the lamb, wanted in florida and georgia. a detective spotted them yesterday morning at a gas station. the chase was on. >> one of the occupants in the vehicle began to shoot at myself and the state patrol cars. >> reporter: after a 20-mime pursuit the trio crashed near the town of walsenburg in colorado. >> there were shots fired at the crash site. >> reporter: lee dougherty attempted to fire at the officer but was shot in the leg. one of the brothers took off running and was captured by a bystander. >> i saw that i had a chance, i grabbed him, he put up a fight,
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flung around, i grabbed him again, yanked him down to the ground and he just said "i give up." >> reporter: the crime spree began in florida last week, spl police tried stopping the trio for speeding. the next day surveillance cameras captured the trio robbing the georgia bank in masks with ak-47s. >> one jumped over the teller counter and was able to retrieve an undisclosed amount of cash. >> reporter: all three have a criminal past. ryan dougherty has 14 felonies on his record and accused of sending sexually explicit text messages to a 14-year-old girl, dylan busted for drugs. on lee "i love to farm and shoot guys and wreck cars, causing mayhem with my siblings." now the family will face charges together in three separate
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states. despite all the gunfire aimed at law enforcement, fortunately no officers were hurt. as for the doughertys it remains unclear which state will actually get to try them first. chris? >> cbs's bigat, thank you. an attack that killed 30 troops and eight commandos, seth doane reports from kabul. zbloor. >> reporter: coalition forces sent in f-16s, launching an air strike to target those taliban insurgents who they say were responsible for downing that chinoook helicopter. they say they've struck and killed the very insurgent who was responsible for firing the
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rocket-propelled grenade that downed that chopper. >> now seth, you have been embedded with u.s. troops for the last week and a half or so. how important are these retaliatory attacks? >> reporter: from a morale perspective, very important. lieutenant general john allen said this will not ease their loss but we were with a company of u.s. army soldiers as they learned they lost one of their men and we saw how important that counter attack could be, a real psychological boost, after an emotional blow. >> and we have more news this morning, seth, of losses in the coalition. what can you tell us? >> reporter: that's right, nato reported that this morning, five nato service members were killed in a roadside bomb in southern afghanistan. the nationalities of those troops was not initially released, that won't be released until next of kin are notified. this is worrying to people on the ground here, comes at a time
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when the talk is about handing over security to afghan forces, when the security situation on the ground appears to be anything but stable. rebecca? >> seth doane from kabul, afghanistan, thank you for joining us. dallas, texas, expected to see its 41st extreme triple-digit temperatures. the high temperatures and drought taking its toll on everything in the region. >> marysol castro in gainesville, texas, with that and more. >> reporter: good morning, you guys and everyone at home. it is affecting the very fiber of texas, agriculture and cattle. the cattle inventory is at the lowest it's ever been in nearly half a century. this is also turning out to be a very costly drought, some estimates put it at $5 billion in losses to the lone star state and it's expected to last through october. >> it's the worst i've ever seen
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it. >> reporter: veteran rancher frank sandman has been raising cattle his entire life and never seen a drought this devastating. >> i'm going to say it's historic. this is worse than the '80s. >> reporter: the lone star state is in the midst of its second worst drought on record. the drying rivers and ponds are taking its toll on one of tex texas's most vital industries, cattle farming. a lack of water and triple-digit heat has driven up heat prices leaving ranchers no choice but to sell their herds or go broke trying to feed them. >> 75% of the cows probably are getting killed. they're not going somewhere else and being turned out so they can come out. they're out of the picture, they're gone. >> reporter: each week thousands of cattle are sold at auction houses like this in drought-ravaged states like texas, oklahoma and kansas. inevitably increasing the cost of beef across the country. what do you think the long-term impact of that will be?
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>> probably at the market when you think about people going to the stores to buy their products as a whole we all will see the effect of this drought. >> reporter: what is currently considered a problem only in the southwest may soon be felt across the nation. a reality sandman tries not to concentrate on. >> when you farm and ranch you can't let a lot of things worry you. >> reporter: and here at the gainesville livestock auction they're expecting to sell about 3,000 cattle and the cattle will all go out of state because the land is not conducive to keeping cattle. there say little bit of rain headed for texas. in order to make any impact on the ground the state needs about 20 inches of rain. they're only going to get about half an inch of rain in and around san angelo. lubbock, texas, about a quarter inch. elsewhere in the nation, dangerous storms over the plains and parts of the south. the storms come in the form of rain and hail, government ball sized hail and gusty winds,
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anywhere from 60 to 80 miles an hour, pierre, south dakota, oklahoma city and memphis, paying close attention to you guys over the next 24 hours. a completely different picture, closer to the east coast, the northeast has been experiencing beautiful weather, 84 degrees in washington, d.c., 82 in new york, 81 in boston taken hasne t been humid, feels like fall. we could go back in the 90s in time for the w
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>> thanks so much. that's your latest weather and chris and rebecca, i have to tell you shall the heat wave people are still continuing to monitor the heat wave, today is expected to go to about 104 in dallas. all eyes are turning to the skies. >> big record to break. >> horrible. >> thanks, marysol. still ahead new questions in the disappearance of a maryland woman a week ago. and a facebook firestorm in missouri. a new law will limit a teacher's contact with students on social networks, many teachers and parents aren't happy about it. this is "the early show" on cbs. could be another day you're living with joint damage. help stop the damage before it stops you by asking your rheumatologist about humira.
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welcome back to "the early show." we've been following the story on robyn gardner. you get a sense of deja vu when you hear it. american woman who went missing, staying in the same town in aruba when knot lee holloway went missing in 2005. >> we'll speak with christina jones, gardner's friend and roommate about the desperate search to find her. all of that coming up on "the early show" when we come back on cbs right after this. stay with us. >> this portion of "the early show" sponsored by big lots, think extreme value, big lots. coffee doesn't have vitamins... unless you want it to.
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bottom of the hour, beautiful shot of the reservoir in central park. hi, everyone. i'm chris wragge. welcome back to "the early show." rebecca jarvis joining me this morning. >> good morning. >> erica hill is on assignment, she'll be back beginning of next week. coming up, teachers in missouri will soon have to be careful who they friend on facebook. a new law limits who they friend on the social networking site. >> we'll speak with a cyber safety expert about whether this makes sense to limit the interaction or whether the law might be going a little bit overboard. coming up first new details on an american woman missing in aruba. 35-year-old robyn gardner vanished a week ago.
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we'll speak with gardner's roommate in a moment. first more on the story from cbs news correspondent elaine key has know. >> reporter: nine days after robyn gardner vanished on vacation with 50-year-old gary giordano, aruban authorities detained him. he said they became separated and she never made it back to shore. >> they've questioned did they rent the snorkel equipment? perhaps there's a record they could be looking into to determine whether or not this couple went snorkeling at all. >> reporter: witnesses say the weather that day was clear and the water was calm. acuban prosecutors wouldn't say what parts of his story are in doubt but in a statement to cbs news, they said "it was decided to detain him for further questioning on the possible drowning of the woman." prosecutors aren't the only ones
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who have questions for giordano. her boyfriend claims it's highly unlikely she would have agreed to go snorkeling at all. >> i don't feel she'd go snorkeling. i feel in my heart something happened at this person's hand. >> reporter: in response on attorney for giordano said "there is no concrete or direct indication that our client might be involved in any illicit act." authorities can only hold giordano for five more days without pressing charges and until gardner is found the answer to what happened to her will remain a mystery. elaine key has know cbs news, new york. >> joining us now is robyn gardner's roommate and close friend christina jones. good to see you, sorry it's under these terms. was it like robyn to pick up and go away under the terms in. >> under the circumstances of just losing her job and going through a rough time that a trip
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to anywhere seemed like a good idea. >> her boyfriend, richard, said he didn't believe there was a romantic relationship between the two of them and didn't really know much about this guy. you're her roommate. was this man gary giordano a big part of her life, was he a boyfriend? >> i wouldn't say he was a boyfriend. he was a friend and they've known each other for over a year now. >> he is the primary suspect in the case according to the aruban police. what do you know about him? had you met him many times over the years? >> i've never met gary. i've only heard about him in, you know, through robyn and everything that i'm hearing right now has been women coming forward. >> did she ever express to you the extent of her relationship was? >> just friends. i know it was a bit of a roller coaster friendship, good one day, not so great the next. >> not the type of friendship out of the ordinary for the two of them to go away?
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>> no. >> you've been in touch with robyn's family. they've issued a statement, people can see that on our website if they choose to go to our site. how are they getting information. >> her family? >> yes. >> her mom is working close with the aruban authorities and they keep her up to date as much as they can, but again there are so many questions unanswered and they're not getting those answers either, but they completely left it up and trust they're doing the best that they can do. >> you actually communicated with robyn while she was away on the trip. what did she say? did she give any indication there was anything that wasn't right? >> no. for me, i mean it was a standard mess annuage on facebook. she told richard she wasn't having a good time. her words were "this sucks." >> any reasons why? >> i don't know. a lady called in that met with gary and robyn on sunday in aruba, and she said she just
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didn't really even get that feeling they were having a great time either. >> when you heard that she was missing, did it surprise you then? knowing the rocky relationship the two of them had? >> i think any time it would be a surprise if your friend went away and didn't come back, i mean i'm completely, you know, this is surreal. >> was there any concern on your behalf when you found out the two of them were going away? >> yes. >> did you think this was maybe not the best idea? >> i was not excited about her going away with gary. >> what was it about this guy that led you to kind of think that there may be something that's not necessarily, not right with the relationship but definitely not grounds for going away with this man? >> my only experience that i, you know, that's not just someone telling me that came from robyn is that they were supposed to go on a cruise two months prior. when she changed her mind the way he responded set off a firework within my own self so i
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got worried when she said she was going to leave to go to aruba with gary. >> thank you for your time. when you hear anything coming up next, the controversial new law forbids interaction between teachers and students on social media sites like facebook. many teachers and free speech advocates are protesting. we'll take a closer look when "the early show" here continues on cbs. hi, mom. how was school today?
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controversial new law takes effect in missouri, aimed at preventing sexual abuse in schools, among other things prevents educators from having private online communications with students using social media like facebook. it's causing quite a stir amongst teachers who use the technology to keep up with students in an ever changing world. karen brown has the story. >> reporter: elliott is liking his summer. >> facebook is a great, great thing. >> reporter: the 14-year-old was recently allowed to join his friends on the social network and after just two weeks, he has more than 400 of them, none of whom are his teachers. >> it can't be any more public than this. >> reporter: a missouri law will soon make it illegal for educators like chuck collis to have private conversations with students on facebook and other social media platforms. that's a big problem for the science teacher who believes communicating online with kids today is essential to their
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learning. and you're doing that already? >> yes. and this is no different from me sending e-mail to students which i've been doing for many, many years. >> reporter: collis feels the law unfairly tags teachers as potential predators but state senator jane cunningham who sponsored the bill argues it will reduce the threat of sexual misconduct. >> if predators are inside our classrooms we need to deal with that. >> reporter: and doesn't all together ban social media relationships. >> we only prohibit hidden communication between an educator and a student. >> this law could cause nothing but confusion. >> reporter: concerned about the threat to free speech, the aclu wants to defriend the legislation and may file an injunction. >> what they're doing is taking a bazooka to a fly out here, decimating a large amount of protected speech on an effort to stop a small amount of dangerous speech. >> reporter: facebook is
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following the debate closely and released this statement to cbs news. "it is imperative that this law does not limit schools and teachers' abilities to use technology to educate missouri's students." elliott's dad understands the online dangers kids face, but worries this law could delete an opportunity for the facebook generation to connect with their teachers. so he's part of the 72% of parents facebook says monitor their kids' pages. >> and i can monitor his chats and those things that are private at any time. parents have responsibility. >> reporter: karen brown, cbs news, st. louis. >> and joining us now is attorney and cyber safety expert perry aftab, founder of wired safety, protecting international users from online crime and cyber bullying. >> good morning. >> if you look at what this law says, it sounds to me like it
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could potentially keep the liability away from the schools and away from the state but not necessarily keep the predators out. is that how you read in. >> i think it's well-meaning but misguided. this law shouldn't have been passed. there are lots of other ways to get at it. it's fear based, whereas we're seeing a lot of good that's coming from teachers being able to communicate with their students and students being able to confide if their teachers when things go wrong. they're often the trusted adult. >> what would then be a way to securely keep kids in the clear? >> well, i think what we need to do is set up some policies, not necessarily laws, make sure that teachers know what they can and cannot do. we need to make sure students know where to go, in case teachers are acting inappropriately and know how to report it. we teach everyone to handle this in an intelligent way instead of turning off the faucet entirely. >> is this a band-aid to a larger problem, if a teacher is a sexual predator, they're going to be a predator no matter what? >> you put a band-aid on
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somebody else for a problem somebody down the block has. i think it's totally off. we need to recognize there are ways of dealing with this and most teachers are not sexual predators. most have great relationships with students and social media is a crucial part of education these days. >> what will change cyber safety? is there a way to keep kids more secure and is there a law that would do that? >> i don't think i want a law that's going to make kids more cyber secure. we have sites, facebook is educational. people who deal with this and help teachers, a software called minor monitor that will allow parents to see what their kids are doing on facebook, others like that. we can educate all sides on how to handle this. you don't need a law. you need better education. >> what about the educators themselves. ? >> i think schools need to teach educators how to handle social media and interactions with students.
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students don you need to draw the line, we need to teach them how to use the privacy settings so only certain things are available to students and from students to their teachers and teach them how to communicate responsibly with each other. >> perry aftab we appreciate your feedback. how about a return to teaching about the birds and the bees? we'll tell you why sex education may be making a big comeback. you're watching "the early show" on cbs. lots of sun, some rain and that's how they get this big and beautiful.
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welcome back to "the early show." this morning the dougherty siblings are in police custody, accused of crimes in florida and georgia, tracked down to colorado yesterday. coming up we'll speak with the sheriff of pueblo county, and he'll explain how they took them down in dramatic fashion. i i'm chris wragge with rebecca jarvis. scientists were able to reprogram a patient's white blood cells and have them actually attack and kill leukemia cells. dr. jennifer ashton will be along with details on that and
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how it could impact other cancer treatments as well, the kind of thing so many people around the world want to hear this morning. first the latest on the race for the white house, which is heating up. the republican presidential candidates will be squaring off in a debate in ames, ohio. norah o'donnell is there with a preview. good morning. >> reporter: good morning to you. tonight will be the first time all eight major declared candidates will be on the same stage together. it is part of the biggest week yet in the race for the republican nomination. it's do or die time for former minnesota tim pawlenty. he needs a strong showing tonight ahead of the ames straw poll. >> anybody ask you why pawlenty and not the other candidates? i've actually done the stuff. >> reporter: pawlenty struggled since his perceived weak performance at the last debate where michele bachmann shined. >> as commander in chief i would not lead from behind.
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>> reporter: bachmann made iowa the linchpin of her campaign and has been sharpening her attacks against president obama, even taking a shot at his use of the teleprompter. >> i have to confess i forgot something, i forgot my teleprompters to put them right here. >> reporter: iowan also get a rare look at jon huntsman and front-runner mitt romney. neither of whom is making move on the hawk i would state to make them the republican nomination. >> i lot of what happens in washington depends on your priority. my priority is creating jobs. >> reporter: looming large over tonight's debate is the expected entrance into the race of rick perry. the latest national poll by "usa today" and gallup has romney leading the pack with 24%, but perry comes in second with 17%. and he's sounding more and more like a candidate every day. >> simply put, our country is in
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trouble. our fiscal house is built on shifting sands. >> reporter: perry won't be on the ballot at this saturday's straw poll but the results are being closely watched nonetheless. the event referred to by some as a beauty contest is an early test of a candidate's viability, a weak showing could be a setback for those who invested the most resources like pawlenty and bachmann. >> would you give me your vote on saturday so i can take this movement and your voice to the white house? >> reporter: now rick perry will not be here on saturday. instead he's going to be in the other key early states of south carolina and new hampshire, but he does want the last word because he's coming here to iowa on sunday, and look, rick perry's expected entrance into the race could be a real game changer because he's very popular with social conservatives. >> norah, the bus is getting back on the bus with sarah
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palin, where is she heading? >> reporter: sarah palin is not on the ballot in the iowa straw poll, not a declared candidate for president president but she announced yesterday he is taking her one nation bus tour here to iowa. that's right, she wants to be part of the debate clearly, again she's not said she is running for president but there's no doubt she wants to be where the story is. >> cbs's norah o'donnell in ames, iowa, thank you. three siblings accused in a violent crime wave are behind bars this morning. the doughertys were arrested yesterday in colorado, 145 miles south of denver, after a high-speed chase. they were the subject of a nationwide manhunt after allegedly shooting at a police officer in florida and robbing a bank in georgia last week. kirk taylor is sheriff of pueblo county, colorado, joining us now. good morning, sheriff, thank you for being with us. >> good morning. >> there was this nationwide manhunt on for the three. how did you end up finding them? >> with a lot of cooperation
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from the citizenry here. we received a tip from the citizens that they were camped up in southern colorado up in the mountains, and so i sent my deputies up there to see if we could locate them. at that time they jumped them there on i-25, one of my deputies being very aware, contacted them there, the chase started and subsequently after that the state patrol took over the chase, did a fantastic job of bringing them to a good end. >> absolutely. any idea how it ended up in your state in the first place? >> you know, we were receiving intelligence from the federal bureau of investigation and our state kayak intelligence agencies which is also run by the state patrol so local law enforcement throughout colorado was aware they were in the state. we'd had a report the night before that they were seen up in colorado springs, and then a secondary sighting in canyon city, which is just west of here, so we were aware and we
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were hypervigilant with respect to locating them. >> you bring up the fact that this came to a good end and they were told, we were told that these people were armed and dangerous, they were very -- people were supposed to be very cautious of them. are you happy? do you think that it could have ended in a much worse scenario? >> oh, absolutely. i'm always happy when the law enforcement officers get to go home and be with their families and the bad guys go to jail so we're very, very happy with the outcome. again i can't say enough about the professionalism of the colorado state patrol and their officers. they took gunfire along with one of my detectives during the chase. there was a shooting at the end of the chase that's still being investigated, but the collaborative effort between the law enforcement agencies, the federal, state and local officers, was just exemplary. >> thank goodness for that. where will the charges be filed, in florida or in colorado?
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>> well, we do have local charges that the district attorney will determine. personally i think i'd like to see them answer for shooting at the state patrol officers as well as my detective here locally, but we understand that the other states are interested in getting them as soon as possible, as are the federal bureau of investigationses. >> sheriff kirk taylor we appreciate you joining us. nice work to you and your team. another sizzling day in texas as the heat wave stretches on. >> 41 days straight. marysol castro is in gainesville, texas, this morning. good morning to you, mary. >> good morning, rebecca and chris, and everyone at home. the second worst drought in this state's history, and even when we flew in yesterday, overhead everything just looks completely brown. this is really going to have a long-term effect this drought because it's historic, drying up rivers and lakes and turning them into sand, destroying
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habitats and ecosystems like crops, wheat, cotton, rice, corn, and of course, cattle. agricultural officials in washington are now keeping a close eye on the overall impact of the drought because it's going to have long-term effects on the entire country, driving up costs of crops to beef. 600,000 head of cattle have been sold out of state, so the auction here today of the cattle ranches are expected to sell up some 3,000 cattle and they're not going to stay in the state, they'll move elsewhere to neighboring states and that's going to affect everything. driving all this is the drought, we turn to the maps and show you the deficit, the rainfall deficit affecting specific cities. houston is really feeling the brunt of it, almost 20 inches below normal, midland almost eight inches below normal. the august rainfall you really need about 20 inches of rain to make a dent in this drought.
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over the next 24 hours we could see about an inch of rain but again we need 20 inches to really, really have a long-term >> this weather report sponsored by new splenda essentials no calorie sweeteners. get more out of what you put in. >> thanks so much. that's your latest weather. back over to rebecca in new york. >> thanks. coming up next, it is being hailed as a potential major
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in this morning's "healthwatch" on important advance in the battle against cancer. for the first time scientists have been able to successfully target tumor cells using cells from a leukemia patient's own immune system. >> medical correspondent dr. jennifer ashton here is to explain. great news. >> good morning. >> this study has been two decades in the making. big question, how can a patient's own cells kill tumors. >> why it's so significant this is the trend in cancer therapy, personalized targeted therapy and leukemia is a type of blood cancer. things like chemotherapy and
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radiation very effective in killing a tumor but also do a lot of damage to the healthy tissue so what university of pennsylvania researchers have done in this case, they've actually taken something called a t-cell, a naturally infection-fighting cell to kill things like bacteria out of the patients with leukemia, genetically programmed and modified it to recognize that patient's own tumor, put it back inside the patient where it then went on a seek and destroy mission and actually destroyed that patient's own leukemia or blood cancer. what is significant, these things have been done before. the genetic modification the cells have a special signal allowed them to be more potent, multiply inside the patient, last longer, much more effective. >> how successful has it been and what are some of the risks involved? >> they did three patients and you know as well as i do, rebecca in medicine we like big numbers, they need to study many more patients for a longer period of time but in the three patients, two are cancer free, one year after the procedure,
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one has had a partial response and unbelievable fact, these patients each of those cells that were put into the patient killed more than two pounds of tumor per patient. it was a significant result. >> with anything like this, there are risks involved. side effects in. >> big side effects. you can't destroy that much tumor without the patients feeling it. they got similar to a bad viral syndrome, chills, they saw some nausea, some fever in some cases, some acute kidney injury or kidney failure, even some destruction of something called b-cells which are important in making antibodies to fight other infection, that's part of what they're going to be looking at in the future, how to modify the side effects and really follow that as long as they are also looking at good results. >> the study specifically looked at leukemia. are there other cancers this could impact? >> pancreatic, melanoma and ovarian, this is the wave of the
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future. >> we appreciate it. >> for more go to our partner in health, and search cancer gene therapy. coming up next on "the early show" from grocery shopping, car repair, we'll show you the good, the bad and of course rebecca -- >> the ugly. >> you got it, coming back on "the early show" in a moment. >> "healthwatch" sponsored by united healthcare online at healthinnumbers.cop.m. specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare.
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its the overseas stock markets are tumbling. jeff glor is at the new york stock exchange with more. >> good morning once again to you. as you mentioned the dow slid 520 points yesterday. that was the third time in the past five trading days alone the dow has fallen at least 400
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points leaving a lot of people to wonder if we're dealing with 20 2008-2009 all over again when the markets lost half their value. a lot of concerns this morning. we asked steve forbes about that earlier. >> it's not 2008 but it's a short term serious crisis. it's going to hurt private investment in this country, concern that the europeans are not dealing with their sovereign debt crises. >> reporter: folks here on the floor as well seem to agree 2008 is a different situation. that said that doesn't mean that the swings are over with. earlier dow futures were pointing to a slightly higher opening, now pointing to a lower opening. rebecca, take your pick. >> it's just volatile. i think that's the end game. jeff glor thanks for being with us. we appreciate it. >> okay. americans have been tightening their belts for years in this difficult economy and now they're strapping on their seat belts as well. as the economic ride gets even bumpier. cbs news correspondent whit
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johnson reports on how folks are trying to cut back. >> reporter: for a snapshot of how americans are coping in a poor economy, all it takes is a peek under the hood. >> the customer doesn't want to repair. >> reporter: since last year, joe testa at exxon in maryland says business declined 15%. are people saying this to you, i don't have the money for that. i can't pay for it right now? >> absolutely, very candid about that. they're saying through the hard economic times they can't afford it. >> reporter: if it ain't completely broke, don't fix it. in a recent survey aaa found one in four drivers have neglected maintenance on their vehicles. one in eight unable to afford a $1,000 repair. folks are cutting back on just about everything. jocelyn barris says nowadays it's all about the deal. >> i watch very carefully how i spend my money. i use coupons.
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>> reporter: coupons. >> coupons. >> reporter: some are looking for cheaper cell phone service or dumping the premium cable changes for an alternative online. >> video sites hulu is well-known or taking netflix. >> reporter: the commerce department reports in june consumer spending drop 0.2%, the first downturn in nearly two years. >> i just try to economyize every way possible. >> reporter: with high gas prices, high unemployment and unstable financial markets there is little confidence. >> if you're watching all of this it tends to raise your anxiety level. >> reporter: which is bad for business. just ask joe testa. >> every time i think i found a new low another one is right around the corner. >> reporter: after 14 years on the job here. >> i'm a positive person. >> reporter: staying optimistic has never been so hard. whit johnson, cbs news, glenn echo, maryland. >> one of the things we were
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talking about was the fact that people are buying lottery tickets more and more and there was the big powerball drawing last night, $220 million, there is one winning ticket. >> my home state. >> one winning ticket, minnesota. whoever did win out there, congratulations. >> i'm happy for that person. >> amazing, $220 million. >> somebody there is benefiting. one thing interesting, if you look at the stock market declines i've been talking to analysts about this, another $140 billion in consumer spending could fall by the wayside as a result of the decline, just because people see it and confident it goes down. >> week after week, it's what drives the economy. people are not willing to spend, don't want to part with money. you're not sure what's going to happen on a day-to-day basis. it's got everybody scared. stay with us, the nation's largest school system decides to make sex education mandatory. we'll talk about that next.
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welcome back to "the early show." this airplane banner is one missouri mom's message to our leaders in washington. "thanks for the downgrade. you should all be fired." we'll meet the woman and find out the big response she's gotten for doing it. >> got to the point. >> didn't fly it over washington but flew it over wall street down there and everybody got the message. welcome back to "the early show." i'm chris wragge long with rebecca jarvis. erica hill is on assignment. it seems the movie industry always finds a way to pack in the crowds at the theaters. how it's been able to do that and find an audience even in the tough economic times. by the way it usually does.
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people all this industry recession proof. >> i think it's one of the great elixirs for only $15, too. escape for two, three hours, just $15. that's a separate issue. a major development involving sex education. chicago became the first city to incorporate sex ed into the public school curriculum. it's been a hot topic of debate. new york city schools officially announced middle and high school students will be required to take the controversial sex ed classes. >> then at puberty certain glands begin to work and our bodies begin to change. >> what's puberty? >> puberty is a lot of things. >> the birds and the bees. >> when does menstruation start? >> each girl's body sets up her own time and rhythm. >> it seemed like a harmless and innocent lesson given my coaches and teachers in the 1950s. >> perhaps the biggest changes you'll ever go through in your entire life. >> but that innocence gave way to the sexual liberation of the '60s and '70s. ♪
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a rise in teen pregnancy and sexually transmitted diseases brought a renewed sense of urgency to the issue of sex ed in schools. >> a plan to put sex education into the rampant public school system has been the main issue in this campaign. >> in 1969 "60 minutes" report profiled local politicians battling over a decision to include sexual education in the school's curriculum. >> something had to be done, somebody had to try something to help some of the youngsters along because of the number of divorces, the number of pregnancies, the number of children that were dropping out of high school because of problems of this type. >> if we're going to prevent the spread of hiv, each and every one of us must do our part. >> in the '80s the spread of aids and subsequent push by health officials to promote safe sex was met with opposition. >> get your free condoms. >> vd devastated school is what this will be as a result of this program. >> through the decades the debate centered around one
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fundamental decision, should issues like premarital sex, abstinence and homosexuality be taught at home or in the classroom? >> i firmly believe that sexual education should be taught at home, that parents should have a vested interest in their children's future. >> i see absolutely nothing wrong in them being taught sexual education by their teachers. >> perhaps the most sensible answer lies somewhere in between. >> it would be nice to have a collaboration people to work together, educators and parents. >> joining us now is dr. logan levkoff. nice to have you here. >> thank you. >> parents or some critics will tell you parents should be teaching this, but why do you think it should be taught in the schools? >> i'm a parent and a sex educator so i operate in two different worlds. there's no question parents should be talking to their kids about sex and sexualities from the time they're born. we teach our kids about safety
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and sexuality from the time they're born. this isn't just about sex. we're talking about anatomy and sexual development, healthy choices, responsibility, consent, respect, and these are all topics that it's never too young to learn about. >> we polled some of the youngsters out there. let's listen to what some kids have to say where they should be learning the birds and the bees from. >> i would say it would be easier for a teacher to talk to you because you don't have to live with them you know? >> so what do you think? >> there are a number of parents who have a hard time talking to their children and teens about sex so i mean, hopefully we can could this at home and do a better job talking but you know, good sex ed supplements what parents are doing all the time. i don't have enough time in the classroom with every student to give them everything the parents should be doing but we have to work together, parents and school systems together. >> let me ask you this, because a lot of kids will and we're all
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probably guilty shut about your parents that make you uncomfortable. will they do the same with teachers? is this another way for kids i don't want to hear about this from my teacher? >> absolutely, you know they do not. they want sex education. research told us time and time again they want comprehensive sex ed in schools, they deserve the education, and the way to get through to young people and as lessents, don't belittle them suggesting their feelings are unimportant or relevant, you're young, you'll get over it. we eliminate pleasure, once we stop talking about that or deliberately omit it we lose our teens. we have to be honest with them and give themically accurate healthy information. >> if the parents aren't involved and it's only the schools teaching it, do the kids still come away with the same message or do the parents have to be involved as well? >> parents should always be involved but my job as a sexuality educator is not to teach my own personal values. i give a range of perspectives,
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let students explore them themselves and i say go home and talk to your parents about theish auto yous. parents give the values, i give the facts and that's what a good textuality program sexuality program is about. there's no thing as being too young. kids at 11 are exposed to the sexualized imagery in pop culture, same sexual language and they need the same language. >> never too young or too old. >> my oldest students are 82 and they need the same information and good healthy sex ed. >> thank you. appreciate it. now we turn to marysol in texas for another check of the weather. >> good morning, you guys. good morning, everyone at home. we'll go straight to the maps and show you the national outlook for today. some parts of the country seeing beautiful conditions, that would be portions of the northeast and midwest, but there you can see that strong line of storms from the plains into the south, we're
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looking at hail, rain, wind, and the possibility of a tornado. the west coast continues to not feel like summer, temperatures barely in the 70s, not even 70 in seattle, morning fog lifts to afternoon sunshine. 102 in vegas, monsoonal storms in southern arizona into new mexico. dallas three-day forecast, will we tie a record for triple-digit heat, today expected to go up to 102, tomorrow 100, a few scattered showers, we could break the record saturda
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>> thanks so much. that's your latest weather. now back over to rebeak ka. >> thank you. now americans say they are unhappy with washington and wall street and also ek pressing their frustration in various ways. before we speak with one very angry woman, cbs news national correspondent jim axelrod has a look at what citizens are saying to the people who represent them in congress. >> reporter: now that they're home maybe it's no surprise that senators from arizona like john mccain -- >> you say we need to raise taxes on the american people that's not true. we need to raise taxes on the wealthy. >> reporter: to house members from colorado like corey gardner are getting an earful. >> i think our government has gone to pot. >> reporter: but with disapproval of congress at an all-time high of 82%, the
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surprise may be how civil most town hall meetings have been around the country. congressman joe walsh's town hall outside chicago it was a contentious as a kiss. >> thank you. >> reporter: nothing compared to two augusts ago. >> fascist pig! >> reporter: when voters breathe the fire over health care reform. it all makes sense to congressman walsh, a tea party republican. >> now a lot of folks don't know who to direct their ire too. they're confused. >> reporter: maybe another old rule of politics, voters hate congress but love their congressman. just 24% of americans feel most members of congress should be reelected, 56% feel their own representative deserves to be sent back to d.c. or it could be voters are simply beyond anger. that's how political scientists larry saboteau explains.
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>> there comes a point in opposition to anything where the anger turns into pure disgust and people shrug their shoulders and don't waste their time. we could be at that point. >> reporter: that would mean big trouble for incumbents down the road. >> well, one woman in missouri wasn't as restrained as some of those folks. lucy nobbe was so fed up with washington lawmakers that she hired a plane with a banner reading "thanks for the downgrade. you should all be fired" and since there's a no fly zone over the capitol she sent it over wall street. lucy nobbe, good morning. >> hi, good morning, thanks for having me. >> what made you do this? >> pretty much the downgrade that happened on friday, last friday, i was with friends all weekend, and everybody was very upset about getting downgraded and i felt that it was mostly
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because of the behavior of the politicians in washington, d.c. >> so were you directing this message at washington, d.c., or at standard & poor's? >> actually, washington, d.c., not standard & poor's at all. i didn't even realize -- well, since we couldn't fly over washington, d.c., being that it's a no fly zone, the airplane guy said, well, how about new york city? sure. >> he suggested it, he came up with the idea. how much did you pay this guy to fly? >> $895, and he even gave me a discount because he liked my enthusiasm. >> was it money well spent? >> a million times over. but i seriously never thought i would get this much attention, and how thousands of people, strangers have called me thanking me, telling me that this is how they feel, they're so glad somebody could stand up
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and say what everybody else is thinking. i had no idea. >> even though you couldn't put your message on top or over washington, d.c., do you think it reached washington, d.c.? >> i can't imagine that it didn't, but i sure hope so. i really do. >> what do you ultimately hope to accomplish here? do you have an objective? >> at first i was thinking i really wanted, you know, congress and the senate and the president all to be able to work together and cooperate with each other, and that was really my original message, but i think from what all the people that have talked to me have said, get out and fly your own banner. i can't believe the difference this has made. >> wave your flag. >> that's right. >> get your message out there. >> um-hum. >> we really appreciate you joining us this morning, lucy nobbe, thank you. >> thank you. >> and now here's chris.
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with the economy faltering, many americans are cutting back on vacations. as the summer approaches, there are great deals to have had at home and abroad. peter greenberg joins us with tips from tampa, good morning. >> good morning, chris. >> it's been an expensive summer to travel, air fares are up, hotels are booked everywhere. all of the planes are crowded. where would you say the bargains are now? >> what happened is the travel deals are not announced until the end of august and take it about a week after labor day. not this summer. you're finding deals for example right here in florida, if you book in the next two or three days, all of the hotels go down to $69 a day, but that is from august 14th through october 1st. you want a great weekend in las vegas, package deals, air fare from new york to las vegas, two or three nights at the mgm grand $640, down from where it was earl whier in the summer and cruise area, a four-night cruise
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from miami to cozumel on celebrity, $329 a person, that averages out to about $80 a day, that is not a bad deal and last but not least, if you want to go overseas to london, new york to london on delta is about $678. last week that fair was $1,900 and that's coach. >> what are the best deals domestically. if i'm sitting at home and watching, what are the very best domestic deals i can find? >> the best deals within 300 miles of home, a drive to vacation. midweek summer is all open. a lot of school systems are going to start in about two weeks and about august 26th the fares are going to drop even more. >> got it. the u.s. dollar is also taking a beating against the euro and the pound. there are great bargains overseas, where the dollar is still king. are there any target spots you like overseas? >> go to the places that have already had their economic
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meltdown like greece. air fares down $900. portugal the euro is killing the dollar. hotel fares right now about $114 a night. iceland a great deal, because they had their economic meltdown, air fare under $700 with hotel and they give you an additional stopover, a flyover to london. >> not bad at all. you talk about these being some of the lowest published dates. any way for consumers to find better deals out there? >> very much so, don't just go by people trying to be competitive on the rate. get them to be competitive on their value, don't just go by the published rate. if a hotel is advising a rate for $150 a night, ask an additional question, can my kids stay free, can they eat free? in city hotels, ask them to throw in free parking. i was in a hotel, asked them if they had a rental car, i found out they were charging $52 for parking, i saved $150 for free
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parking. >> the worst they can say is no so always ask the question. peter greenberg thanks so much. >> you got it. is it true that movies are recession proof? we'll take a look when we come back.
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it is the summertime, hollywood is rolling out its action packed blockbuster movies. in the rough economic times will the crowds keep packing the theaters? you may be surprised. wall street started the day with a tumble. >> a brutal day on wall street. >> stocks plummeted. >> even in tough economic times for generations the conventional wisdom has been that the silver screen is recession proof. >> say it once, sam. for old time's sake. play "as time goes by." >> one ticket stub got moviegoers hours of unique entertainment and a comfortable
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seat in air conditioning. >> what about us? >> we'll always have paris. >> it was the only thing to do in which you could get cool and meet in a community and entertain yourself. movies still are a great entertainment value. >> last year the average ticket price in the u.s. rose 5% to an all-sometime high of $7.89, and with so many other distractions available to audiences from facebook and iphones to video games, are movies still worth the price of admission? >> too high and concessions are ridiculous. >> my movie habits reduced from going once a month to twice a year. >> i like to go but $14 a ticket is too much. >> despite america's frustration with theater prices, fans came out in record numbers to the latest harry potter and "bridesmaids" sent audience members laughing into the streets. >> be careful!
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>> we all had the flu, a coincidence. >> some may not be laughing at the cops, in tough times we need a small break from reality. and despite the sluggish economy the summer's movie box office ticket sales are currently up nearly 4.5%, attendance is up more than just 2%. joining me now is paul der ga garabedigarr bead dergarabedian from >> quality is recession proof so if the movies are good people will go. people fixate on the price of the movie when they don't like the movie. if you have a great time and enjoy that experience you come out of there and don't say i just paid $14 for that, i can't believe it, i'm not going back but if you have a great experience you don't think about
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the price. it's like a great meal. if you go to a restaurant and spend a lot of money and have a great meal and wonderful experience you don't care what you paid. you only care when you had a bad experience and that's why hollywood has to deliver on every movie, otherwise you could lose the audience. >> good point, plus prices continue to climb and climb some more. how about this summer, what are the movies you think are recession proof for the summer viewing audience? >> obviously harry potter, that's always recession proof. people love that series of films so much. they showed up there with an emotional response, and what you want is an emotional response from the audience, almost to the point of irrationality. in other words, they'll line up at midnight to spend money to go see these films. "planet of the apes" did better than expected last weekend, yesterday "the help" opened based on the best selling novel. people who read that book will go out and see that movie no matter what and that's what you need from the audience, so that
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they are not fixating on the price. they're fixating on the fact that they must go see something. >> absolutely. we heard that ed wyesterday on show. we talked with the people from "the help." what other movies in terms of genres do best? >> r-rated do well "the hangover part 2" "horrible bosses," "bad teacher," all r-rated raunchy comedies, escapist, something like "planet of the apes" you're laughing, having a great time, communal environment. >> paul, sorry to cut you off. we're running out of time but people love to laugh. we appreciate all of your insight today. >> sure, thank you. >> always when you get out of my movie, two hours, i can't get it back. for $15 even though it is expensive especially talking
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about bringing the entire family and concessions it is a nice escapeism for a couple of hours. >> and there's air conditioning. >> why deal with real isn't it. >> over 100
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